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OverviewThis volume examines concepts of central planning, a cornerstone of political economy in Soviet-type societies. It revolves around the theory of “optimal planning” which promised a profound modernization of Stalinist-style verbal planning. Encouraged by cybernetic dreams in the 1950s and supporting the strategic goals of communist leaders in the Cold War, optimal planners offered the ruling elites a panacea for the recurrent crises of the planned economy. Simultaneously, their planning projects conveyed the pride of rational management and scientific superiority over the West. The authors trace the rise and fall of the research program in the communist era in eight countries of Eastern Europe, including the Soviet Union, and China, describing why the mission of optimization was doomed to fail and why the failure was nevertheless very slow. The theorists of optimal planning contributed to the rehabilitation of mathematical culture in economic research in the communist countries, and thus, to a neoclassical turn in economics all over the ex-communist world). However, because they have not rejected optimal planning as “computopia,” there is a large space left behind for future generations to experiment with Big Optimal Plans anew—based, at this time, on artificial intelligence and machine learning. Full Product DetailsAuthor: János Matyas Kovács, University of Vienna , Roumen Avramov, Centre for Advanced Studies Sofia , Andrei Belykh , Maciej BukowskiPublisher: Lexington Books Imprint: Lexington Books Dimensions: Width: 16.00cm , Height: 3.60cm , Length: 22.80cm Weight: 0.794kg ISBN: 9781793631770ISBN 10: 1793631778 Pages: 424 Publication Date: 15 May 2022 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsTo what extent did theories of optimality and techniques for optimization improve economic allocation under Communist rule? The basic ideas turned out to have little practical application-under Communism, at least. Yet, at the time, the idea of an optimally planned Socialist economy attracted huge attention and intellectual efforts from East Germany and other Central and Eastern European countries to Russia and China. What was it all about? This excellent collection provides many fascinating insights from a nearly forgotten chapter in the economic thought and history of eight Communist countries. There are important lessons for public policy everywhere. -- Mark Harrison, professor emeritus, University of Warwick Author InformationJános Mátyás Kovács is honorary professor at Eötvös Lorand University, senior member at Research Center for the History of Transformations (RECET) at University of Vienna, permanent fellow emeritus at Institute for Human Sciences, and visiting professor at Central European University. Tab Content 6Author Website:Countries AvailableAll regions |